Vicinity Motor Balance Sheet Health
Financial Health criteria checks 1/6
Vicinity Motor has a total shareholder equity of $18.7M and total debt of $39.9M, which brings its debt-to-equity ratio to 212.9%. Its total assets and total liabilities are $77.8M and $59.1M respectively.
Key information
212.9%
Debt to equity ratio
US$39.89m
Debt
Interest coverage ratio | n/a |
Cash | US$4.32m |
Equity | US$18.74m |
Total liabilities | US$59.09m |
Total assets | US$77.83m |
Recent financial health updates
Is Vicinity Motor (CVE:VMC) Using Too Much Debt?
Jul 21Is Vicinity Motor (CVE:VMC) Using Debt In A Risky Way?
May 24Is Vicinity Motor (CVE:VMC) A Risky Investment?
Aug 10Vicinity Motor (CVE:VMC) Is Carrying A Fair Bit Of Debt
Apr 14Recent updates
Why We're Not Concerned About Vicinity Motor Corp.'s (CVE:VMC) Share Price
Apr 02Is Vicinity Motor (CVE:VMC) Using Too Much Debt?
Jul 21Is Vicinity Motor (CVE:VMC) Using Debt In A Risky Way?
May 24Is Vicinity Motor (CVE:VMC) A Risky Investment?
Aug 10Vicinity Motor (CVE:VMC) Is Carrying A Fair Bit Of Debt
Apr 14The Grande West Transportation Group (CVE:BUS) Share Price Is Up 818% And Shareholders Are Delighted
Jan 27Financial Position Analysis
Short Term Liabilities: VMC's short term assets ($44.6M) do not cover its short term liabilities ($49.6M).
Long Term Liabilities: VMC's short term assets ($44.6M) exceed its long term liabilities ($9.4M).
Debt to Equity History and Analysis
Debt Level: VMC's net debt to equity ratio (189.8%) is considered high.
Reducing Debt: VMC's debt to equity ratio has increased from 36.3% to 212.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: VMC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VMC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 43.9% each year